BILL (NYSE:BILL) Price Target Cut to $53.00 by Analysts at Mizuho

BILL (NYSE:BILL - Free Report) had its target price trimmed by Mizuho from $70.00 to $53.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also weighed in on BILL. KeyCorp reduced their price objective on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Piper Sandler lowered their price target on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Morgan Stanley upgraded BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 price objective on the stock in a report on Thursday, January 16th. Oppenheimer lowered their target price on BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Finally, Susquehanna upped their price target on shares of BILL from $91.00 to $100.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.72.

BILL Trading Down 0.7 %

Shares of NYSE:BILL traded down $0.28 during trading on Tuesday, hitting $40.63. 1,068,429 shares of the company's stock were exchanged, compared to its average volume of 2,277,613. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.14 billion, a P/E ratio of -4,063.40, a PEG ratio of 29.46 and a beta of 1.88. The firm has a 50-day moving average price of $48.51 and a two-hundred day moving average price of $68.46. BILL has a 1-year low of $36.55 and a 1-year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. Equities analysts predict that BILL will post 0.12 earnings per share for the current year.

Institutional Trading of BILL

Several hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC boosted its holdings in shares of BILL by 7.1% during the third quarter. HighTower Advisors LLC now owns 7,784 shares of the company's stock worth $411,000 after acquiring an additional 513 shares during the period. Versant Capital Management Inc increased its position in BILL by 26.7% during the 4th quarter. Versant Capital Management Inc now owns 1,615 shares of the company's stock worth $137,000 after buying an additional 340 shares during the period. GAMMA Investing LLC lifted its holdings in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after buying an additional 131 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of BILL in the fourth quarter valued at about $264,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of BILL in the fourth quarter valued at about $239,000. Institutional investors own 97.99% of the company's stock.

About BILL

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.